Summary of నీలి బంగారం వేటలో భారత్! India's great hunt for blue gold! | #premtalks
Blue gold is a valuable mineral found in the Indian Ocean region, specifically in cobalt-rich areas.
The BAR project in New Nicobar Island aims to extract cobalt, also known as Blue gold, for use in lithium-ion batteries.
China is a major player in the cobalt market, buying from countries like Congo and refining it for profit.
India has potential cobalt resources in the Nikin Sea Mountain and is seeking permission from the International Sea Bed Authority to mine it.
India plans to collaborate with Sri Lanka to extract cobalt and transport it through the Ram Setu bridge.
The Great Nicobar Project aims to support Sri Lanka in cobalt extraction and bring the mineral to India.
India's futuristic thinking involves a 15-year plan to become a major player in the cobalt market.
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